Less than $30,000?

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[vimeo id=”46370334″ width=”625″ height=”352″]

Seniors Retirement Savings

Seniors And Retirement Savings

There is no need to question the future market potential of the Reverse Mortgage Industry. A recent New York Times editorial revealed that the vast majority of Americans have saved less than 30,000 towards their future retirement. Watch the video for more…

3 comments

Peter Hamilton July 30, 2012 at 4:59 am

I have been telling every client I have sat with, since 2006, that it was my opinion thatI the day will come when the Feds will require the use of a RM before they will make certain benefits available. That day may be closer than I thought……

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Michael Cour July 31, 2012 at 4:13 am

Very thought provoking. There are so many Seniors that still deny these facts. I believe that a Reverse Mortgage must be considered as an intregal part of Retirement and no longer an option.
Peter is on to something with his comment. Will we actually see this day in the near future? Hang on folks for the ride!!!!!!!!!!!!!!!!!

Reply
Dick Diamond August 1, 2012 at 10:08 am

One thing I believe is that the required annual IRA/401K withdrawal mandated by the IRS for those who turn 70 1/2 is an unfair penalty.

Often those funds are there for future use, but the government has a minimum withdrawal requirement whether you need the funds or not. That forces additional taxes to be paid since it is considered income.

Reply

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